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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Kunal Shah’s fintech startup is finally getting serious about business—but can it grow revenue and pull off a mix of products in time to break even in the next nine months?
Kunal Shah has set an ambitious target for CRED to turn profitable by the end of the ongoing financial year, which ends 31 March 2024, according to three industry executives aware of the matter, all of whom asked not to be identified.
The five-year-old startup—which is the third-most valuable unlisted fintech company in India after Walmart-owned PhonePe and Tiger Global-backed Razorpay—was perhaps the poster child of the venture funding euphoria that peaked in 2021. From its $30 million seed round in mid-2018 to two rounds totalling over $450 million in 2021 alone, the credit card bill payment app soared on …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
The fintech is gearing up to go public at a $5-6 billion valuation. Much like beauty, value lies in the eyes of the beholder, but public markets are rightly cross at obscene startup valuations.
